Solid Vacuum Reclosers Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global solid vacuum reclosers market was valued at USD 2.0 billion in 2022 and is expected to grow at a CAGR of 5.8% during the forecast period. Solid vacuum reclosers are small circuit breakers used on distribution poles, typically on long distribution feeders. They isolate a section of the feeder in case of a fault or overload. They are highly efficient and reclose quickly.

The increasing use of renewable energy sources such as solar, wind, and hydropower, aging power distribution infrastructure, and technological advancements are driving the growth of the solid vacuum reclosers market.

Impact of Covid-19

COVID-19 disrupted the global supply chain, affecting the production and distribution of solid vacuum reclosers. Manufacturers faced challenges sourcing components and materials, and economic uncertainties and lockdowns led to decreased demand for many industrial products, including solid vacuum reclosers. Projects were delayed or postponed, but the pandemic accelerated the adoption of remote monitoring and control solutions.

Companies faced operational challenges due to workforce shortages and restrictions, and the overall uncertainty in the market influenced investment decisions, research and development, and mergers and acquisitions within the solid vacuum reclosers market. As the world gradually recovered from the pandemic, opportunities for growth in the market emerged, driven by infrastructure development and the need for reliable power distribution.

Growth Drivers

The use of solar energy sources is rapidly increasing worldwide. Solar, wind, and hydropower energy are the most demanding energy types in the world these days. Solid vacuum reclosers are used in renewable energy systems to protect them from failure. As the need for consistent and reliable power distribution grows, utilities and industrial sectors are turning to advanced reconnection technology to minimize downtime and improve grid reliability. Many power distribution systems with aging infrastructures need to be replaced or upgraded. Solid vacuum reclosers offer a modern solution to enhance the performance and reliability of these systems.

Ongoing technological advancements in solid vacuum reclosers, which are free from oil-based insulating materials, are appealing to industries and utilities looking to reduce their environmental footprint. Urbanization is leading to increased electricity consumption and the expansion of power distribution networks, creating opportunities for the solid vacuum recloser market. The integration of renewable energy sources into the grid necessitates recloser technology capable of handling the intermittent nature of these sources, making solid vacuum reclosers an attractive choice. The cost-effectiveness of solid vacuum reclosers over the long term, in terms of reduced maintenance and increased uptime, is driving their adaptation. Solid vacuum reclosers are safer to operate and maintain, reducing the risk of accidents and ensuring the safety of maintenance personnel.

Segmentation

By Phase Type

·         Single phase Reclosers

·         Three Phase Reclosers

By System Voltage

·         Up to 15 KV

·         15-24 KV

·         24-38 KV

By End Use Industries

·         Commercial

·         Industrial

·         Utilities

Regional Outlook

·         Asia Pacific

·         Europe

·         North America

·         South America

·         Middle East and Africa

·         Oceania

Solid Vacuum Reclosers Market Phase Type Segmentation

The solid vacuum reclosers market is segmented into single-phase reclosers and three-phase reclosers based on phase. Three-phase reclosers are the leading segment, especially in urban areas, because they offer a number of advantages over single-phase reclosers. Three-phase reclosers can protect and control the entire three-phase distribution circuit simultaneously, which makes them more suitable for larger and more complex distribution systems. They are also more reliable and can withstand more severe faults. Single-phase reclosers are typically used in rural and residential areas, where they are a cost-effective and reliable solution for maintaining power reliability. Single-phase reclosers can help to minimize power outages on single-phase lines by automatically restoring power after momentary faults and disturbances. Both single-phase and three-phase reclosers play an important role in maintaining the reliability of power supply to a wide range of customers and applications

Regional Outlook 

On the basis of regions, the solid vacuum reclosers market is segmented into Asia Pacific, North America, Europe, South America, and the Middle East and Africa. Asia Pacific is the leading segment in the market and is expected to remain so during the forecast period. This region is growing due to increased demand for power, particularly in countries such as China, India, Japan, and South Korea. Australia is also a significant market in this region. Ongoing development and urbanization are also driving the growth of the market. Rapid development and expansion of renewable energy projects, particularly in countries such as China and South Korea, is further fueling the growth of the market.

North America is witnessing significant growth due to replacement and modernization of aging power distribution infrastructure. The United States and Canada are investing in grid reliability and resilience, with a focus on advanced recloser technologies. Europe is also witnessing increased adoption of solid vacuum reclosers, driven by the need to accommodate renewable energy sources and improve grid stability.

Regulatory efforts to reduce greenhouse gas emissions have led to the preference for recloser technologies that are environment-friendly. Latin American countries are investing in upgrading their power distribution networks to provide more reliable electricity supply. The adoption of solid vacuum reclosers is on the rise in the region, especially in areas prone to weather-related disturbances.

The Middle East and Africa are improving power infrastructure to meet the growing energy demand. Solid vacuum reclosers play a role in enhancing the reliability and resilience of power distribution networks in these regions.

Key Players

·         ABB Ltd.

·         Eaton Plc.

·         Siemens AG,

·         Schneider Electric SE,

·         Tavrida Electric

·         Arteche Group

·         Zensol Automation Inc.

·         Esteco spA

·         Togami Electric Mfg. Co. Ltd.

·         Mitsubishi Electric Corporation

·         Other Players

Global Solid Vacuum Reclosers Market research report presents a strategic analysis of the global Solid Vacuum Reclosers Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Solid Vacuum Reclosers revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Solid Vacuum Reclosers market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

Report Purpose

The purpose of the report is to portray the state of the global Solid Vacuum Reclosers Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

Scope of the Report

The report on the global Solid Vacuum Reclosers Market presents:

·         Historical Data: Market data including volume, growth rate, value, and dynamics; Market segmentation (by product, by region and by country; etc.) for the last five years;

·         Strategic Insights for companies looking to launch new products to diversify their business, exploring leading countries to establish supply chain, and top countries to increase company export and go global

·         Comprehensive Regional Market Data: volume, growth rate, value, market share and dynamics of for the last five years (broken down by region);

·         Market Dynamics: Analysis of the factors impacting the market including demand drivers, industry trends and challenges and the short and the medium-term impact of COVID-19 presently and in near future;

·         Analysis and forecast for the global economy and demographics;

·         Supply chain and value chain analysis, risk analysis of supply side and demand side;

·         Market Forecast for next ten years (market share, year-on-year growth, volume, value and segmentation by region);

·         Company profiling of key market players covering company’s Solid Vacuum Reclosers revenue, sales and market share;

·         Comprehensive coverage of competitive landscape offering market positioning and snapshot of key business strategies;

·         Porter’s Five Forces analysis;

How Can You Benefit from This Report?

In this report you can:

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·         Analysis of market numbers, such as volume, value, forecasts, dynamics, segmentation and market structure – past, present and future;

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What Kind of Decisions You Can Make Based on the Data in This Report?

This report detailed and all-inclusive data on Solid Vacuum Reclosers Market, providing valuable support to make vital decisions regarding:

·         Strategic planning;

·         Industry analysis;

·         Target Market/Marketing and sales;

·         Regional and country assessment and opportunity analysis;

·         Market entry into new product group or country;

·         Pricing of existing and new products;

·         New product development and Innovation in existing products;

·         Supply chain management;

·         Market evaluation;

·         Mergers, Expansions, Joint Ventures and acquisitions.

Who Is This Report for?

This report is intended to give broad overview of market to people who already are working on this market:

·         C-suite Level executives;

·         Directors;

·         Industry strategists;

·         Marketing professionals;

·         Business development professionals;

·         Product developers;

·         Product marketers and strategists;

·         Product managers;

·         Project managers;

·         Suppliers;

·         Traders;

This report also caters to people who are not involved in the market, representatives of investors, consultants, advisors and financial institutions:

·         Management consultants;

·         Investment managers;

·         Financial professionals;

·         M&A managers. 

Regional Coverage

The report on the global Solid Vacuum Reclosers Market breaks down the world into the following regions & countries and covers every single one of them:

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